Wiseguyreports.Com Adds “Artificial Intelligence -Market Demand, Growth, Opportunities and analysis of Top Key Player Forecast to 2021” To Its Research Database

The Global Artificial intelligence market is poised to grow at a CAGR of more than 25% through 2014 to 2022 in order to reach approximately $40 billion by 2022. Artificial intelligence uses earlier data to analyze and monitor the system in order to develop the current operational process. Some of the key drivers of market growth include increased usage in 3D printers and adoption of digital assistance system in healthcare and transportation. The United States represents the biggest market for Artificial Intelligence (AI). Highest growth potential is expected to be in Asia-Pacific region. The largest and the fastest growing segment in this market is Expert Systems segment. The artificial intelligence expert systems are increasingly being used in aviation, defense and financial institutions.

The application of artificial intelligence is anticipated to rise in industrial and commercial application in coming years. With approximately 500 patents, IBM is the market leader in artificial intelligence. In entertainment industry, artificial intelligence is progressively being used in gaming applications such as puzzle and chess games. Either through acquisitions or through other strategies major software vendors such as Microsoft, Oracle, IBM, and SAP are actively spreading into the business intelligence market.

Some of the key players in the global Artificial intelligence market are